The IRS is phasing out paper checks for tax refunds. Learn the benefits of direct deposit and follow our simple, step-by-step ...

Claims about new stimulus checks, IRS direct deposits, relief payments and tariff dividends spread throughout 2025 — and they’re still circulating in 2026. But is there any truth to them?

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...